12 June 2013: AUDCHF Day 20: Still in but is the party over?

Quick update on this previous AUDCHF short trade. We’re on Day 20 of the trade.

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Price has still been heading south but after a couple of daily pin bars and a look at the 4 hour chart as well as some price action across the AUD in general I suspect this particular party is coming to a close.  Anyway I’m trailing my stop as per my rules and today the stop is at 9006 locking in 508 pips or 6.6R which is a healthy return.  Lets see if my TSL is hit in the next day or so.

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

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